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International Tax Reform: The JCT Detailed Descriptions
 This presentation will be available to audience members until March 29, 2010 at 12:00 PM Eastern Daylight Time.
  President Barack Obama’s 2010 budget proposes to raise $151 billion (per recent revision to the revenue estimates by the OMB) over 10 years through fundamental changes to the taxation of US multinational corporations. The Joint Committee on Taxation (JCT) recently released a detailed description of the Administration's international tax proposals which include:
  • Revising the "check-the-box" regulations,
  • Deferring domestic expense deductions related to deferred foreign earnings (with an exception for R&D),
  • Imposing new limitations on foreign tax credits,
  • Limiting shifting of income through intangible property transfers, and
  • Other provisions
On this Webcast, we will discuss some of these proposals in light of the JCT descriptions and how they might impact U.S. multinational corporations.
  Speakers:

Michael Urse, Partner

Alan Fischl, Principal

Chip Harter, Principal

Peter Merrill, Principal

Jon Nagy, Partner
 
 
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